BXSL - Blackstone Secured Lending Fund
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$25.50
DETAILS
HIGH:
$26.00
LOW:
$25.00
MEDIAN:
$25.50
CONSENSUS:
$25.50
UPSIDE:
8.51%
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | |||||||||||||||||||||||||||||||
| Revenue | 282.4 | 328.5 | 235.7 | 235.0 | 254.6 | 251.3 | 262.0 | 246.6 | 282.1 | 256.8 | 229.7 | 235.1 | 208.9 | 201.0 | 178.6 | 144.6 | 118.4 | 142.5 | 157.6 | 117.1 | 120.7 | 115.5 | 127.9 | 181.7 | 232.6 | (303.8) | 53.3 | 21.9 | 26.3 | 15.4 | 2.6 |
| Cost of Revenue | 38.3 | 40.1 | 12.2 | 87.0 | 84.6 | 87.6 | 97.2 | 83.4 | 74.5 | 61.2 | 65.9 | 60.3 | 61.1 | 62.1 | 60.6 | 53.3 | 43.6 | 38.8 | 37.5 | 32.7 | 27.2 | 21.1 | 20.7 | 14.8 | 14.4 | 16.1 | 14.4 | 8.6 | 7.8 | 4.7 | (0.7) |
| Gross Profit | 244.1 | 288.4 | 513.6 | 148.0 | 170.1 | 163.7 | 164.8 | 163.2 | 207.6 | 195.7 | 163.8 | 174.8 | 147.8 | 138.9 | 118.0 | 91.2 | 74.8 | 103.8 | 120.1 | 131.9 | 107.9 | 109.8 | 115.6 | 76.8 | 66.7 | 64.0 | 49.7 | 30.0 | 21.9 | 10.6 | 3.3 |
| Operating Expenses | |||||||||||||||||||||||||||||||
| R&D Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| SG&A Expenses | 4.2 | 3.6 | 7.3 | 3.9 | 3.5 | 3.2 | 3.0 | 2.8 | 3.1 | 3.0 | 3.4 | 4.6 | 3.9 | 3.4 | 4.3 | 3.3 | 3.2 | 3.1 | 2.2 | 3.2 | 2.7 | 2.5 | 3.6 | 2.6 | 1.8 | 2.4 | 2.4 | 1.6 | 1.9 | 1.5 | 4.2 |
| Other Expenses | 138.2 | 157.3 | (4.7) | 7.4 | 7.7 | 6.5 | (4.5) | 4.7 | 4.9 | 5.6 | (1.1) | (5.8) | (6.0) | (5.9) | (8.1) | (8.1) | (8.0) | (7.9) | (4.6) | (12.7) | 19.4 | 15.9 | 17.7 | 108.1 | 167.2 | (373.6) | 2.6 | (10.0) | 3.2 | 3.1 | 0 |
| Operating Expenses | 142.4 | 161.0 | 2.6 | 11.4 | 11.2 | 9.7 | (1.5) | 7.6 | 8.0 | 8.6 | 2.3 | (1.2) | (2.0) | (2.5) | (3.7) | (4.7) | (4.8) | (4.9) | (2.4) | (9.4) | 22.1 | 18.4 | 21.3 | 110.8 | 169.1 | (371.2) | 5.0 | (8.4) | 5.1 | 4.5 | 4.2 |
| Operating Income | |||||||||||||||||||||||||||||||
| Operating Income | 101.7 | 127.4 | 228.9 | 136.7 | 158.8 | 154.0 | 166.3 | 155.6 | 199.6 | 187.1 | 161.5 | 176.0 | 149.8 | 141.4 | 121.8 | 95.9 | 79.6 | 108.6 | 122.5 | 93.8 | 71.4 | 75.9 | 86.0 | 56.2 | 49.1 | 51.4 | 33.9 | 21.6 | 13.4 | 6.2 | (0.9) |
| Interest Expense | 101.1 | 100.2 | 280.0 | 87.0 | 84.6 | 87.6 | 97.2 | 83.4 | 74.5 | 61.2 | 65.9 | 60.3 | 61.1 | 62.1 | 60.6 | 53.3 | 43.6 | 38.8 | 37.5 | 31.1 | 25.9 | 19.7 | 20.7 | 14.8 | 14.4 | 16.1 | 14.4 | 8.6 | 7.8 | 4.7 | 0 |
| Interest Income | 319.9 | 323.8 | 984.1 | 357.5 | 343.3 | 357.0 | 350.9 | 342.7 | 325.7 | 303.7 | 303.7 | 283.2 | 285.2 | 264.1 | 247.3 | 224.2 | 185.7 | 179.7 | 191.3 | 166.4 | 131.1 | 129.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profitability | |||||||||||||||||||||||||||||||
| EBITDA | 118.2 | 271.1 | 230.0 | 136.7 | 158.8 | 154.0 | 166.3 | 155.6 | 199.6 | 187.1 | 161.5 | 176.0 | 149.8 | 141.4 | 121.8 | 95.9 | 79.6 | 108.6 | 122.5 | 142.7 | 143.9 | 132.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.8) |
| EBIT | 111.8 | 124.9 | 228.3 | 136.7 | 158.8 | 154.0 | 166.3 | 155.6 | 199.6 | 187.1 | 161.5 | 176.0 | 149.8 | 141.4 | 121.8 | 95.9 | 79.6 | 108.6 | 122.5 | 142.7 | 143.9 | 132.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (0.9) |
| Income Before Tax | 10.7 | 24.7 | 130.1 | 136.7 | 158.8 | 154.0 | 166.3 | 155.6 | 199.6 | 187.1 | 161.5 | 176.0 | 149.8 | 141.4 | 121.8 | 95.9 | 79.6 | 108.6 | 122.5 | 112.2 | 116.7 | 111.5 | 121.2 | 176.3 | 229.0 | (307.4) | 49.6 | 19.5 | 23.6 | 14.0 | (2.9) |
| Income Tax Expense | 1.2 | (0.5) | 3.9 | 4.2 | 3.8 | 4.2 | 3.8 | 3.9 | 3.4 | 3.4 | 4.2 | 5.0 | 5.0 | 2.6 | 0 | 0 | 0 | 1.4 | 0.5 | 2.2 | 0 | (0.3) | 0.4 | 0 | 0 | 0.1 | 0 | 0 | 0 | 0 | 0.1 |
| Net Income | 9.5 | 25.2 | 126.2 | 132.4 | 155.0 | 149.8 | 162.5 | 151.7 | 196.2 | 183.8 | 157.3 | 171.0 | 144.8 | 138.8 | 121.8 | 95.9 | 79.6 | 107.2 | 122.0 | 110.0 | 116.7 | 111.8 | 120.8 | 176.3 | 229.0 | (307.5) | 49.2 | 19.5 | 23.6 | 14.0 | (2.9) |
| Per Share Data | |||||||||||||||||||||||||||||||
| EPS (Basic) | 0.04 | 0.11 | 0.55 | 0.57 | 0.68 | 0.66 | 0.75 | 0.75 | 1.01 | 0.96 | 0.88 | 1.01 | 0.90 | 0.86 | 0.76 | 0.58 | 0.47 | 0.63 | 0.72 | 0.66 | 1.22 | 1.17 | 1.21 | 1.85 | 2.40 | -3.23 | 0.29 | 0.20 | 0.25 | 0.15 | -0.39 |
| EPS (Diluted) | 0.04 | 0.11 | 0.55 | 0.57 | 0.68 | 0.66 | 0.75 | 0.75 | 1.01 | 0.96 | 0.88 | 1.01 | 0.90 | 0.86 | 0.76 | 0.58 | 0.47 | 0.63 | 0.72 | 0.66 | 1.22 | 1.17 | 1.21 | 1.85 | 2.40 | -3.23 | 0.29 | 0.20 | 0.25 | 0.15 | -0.39 |
| Shares Outstanding | 232.6 | 232.2 | 229.2 | 230.5 | 228.2 | 226.6 | 217.4 | 203.4 | 193.9 | 190.6 | 167.6 | 169.8 | 161.1 | 160.5 | 160.4 | 165.0 | 169.4 | 169.6 | 169.3 | 167.6 | 95.3 | 95.3 | 99.5 | 95.3 | 95.1 | 95.3 | 49.8 | 95.3 | 95.3 | 95.3 | 7.5 |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Assets | |||||||||||||||||||||||||||||||
| Cash & Cash Equivalents | 267.2 | 351.3 | 289.6 | 249.9 | 186.6 | 897.3 | 229.6 | 194.2 | 291.3 | 147.7 | 154.9 | 145.8 | 147.4 | 103.0 | 131.3 | 131.2 | 168.6 | 140.9 | 102.9 | 259.6 | 181.6 | 291.7 | 218.0 | 77.3 | 73.9 | 106.0 | 65.5 | 135.5 | 40.8 | 20.6 | 6.2 |
| Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Receivables | 133.1 | 100.1 | 105.7 | 105.2 | 144.6 | 125.3 | 124.2 | 169.5 | 170.2 | 103.5 | 94.9 | 141.9 | 120.5 | 104.2 | 147.1 | 108.0 | 111.5 | 152.4 | 205.5 | 329.5 | 104.5 | 100.4 | 139.4 | 44.4 | 49.6 | 35.7 | 25.7 | 22.6 | 83.3 | 57.9 | 2.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 29.3 | 1.8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Assets | 429.6 | 453.2 | 395.3 | 355.1 | 331.2 | 1,022.6 | 353.8 | 363.7 | 461.5 | 251.1 | 249.7 | 287.7 | 267.9 | 207.2 | 278.4 | 239.2 | 280.2 | 293.3 | 308.4 | 589.1 | 286.2 | 392.1 | 357.4 | 121.7 | 123.5 | 141.7 | 91.2 | 158.1 | 124.1 | 78.6 | 8.4 |
| Non-Current Assets | |||||||||||||||||||||||||||||||
| Property, Plant & Equipment | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 13,364.3 | 13,964.7 | 14,226.9 | 13,851.5 | 20.3 | 23.8 | 4.0 | 13.2 | 2.0 | 10,439.2 | 9,868.4 | 9,500 | 9,288.5 | 9,626.2 | 9,617.2 | 9,672.1 | 10,084.9 | 10,024.5 | 9,855.4 | 8,223.0 | 7,356.6 | 6,105.4 | 5,585.9 | 4,880.7 | 4,034.6 | 3,635.3 | 3,092.4 | 2,028.5 | 1,519.7 | 935.2 | 0 |
| Other Non-Current Assets | 0 | 18.7 | 34.2 | 21.2 | 13,359.4 | 12,922.4 | 13,114.4 | 11,994.7 | 11,306.8 | 10,453.9 | (9,868.4) | 9,514.6 | 9,304.6 | 9,640.8 | (9,617.2) | (9,672.1) | (10,084.9) | (10,024.5) | (9,855.4) | 9.6 | 10.0 | 6.9 | 7.5 | 8.8 | 9.9 | 5.5 | 6.5 | 4.9 | 4.5 | 3.0 | 566.3 |
| Total Non-Current Assets | 13,364.3 | 13,983.4 | 14,261.2 | 13,872.8 | 13,379.8 | 12,946.2 | 13,118.4 | 12,007.9 | 11,308.9 | 10,453.9 | 9,884.9 | 9,514.6 | 9,304.6 | 9,640.8 | 9,617.2 | 9,672.1 | 10,084.9 | 10,024.5 | 9,855.4 | 8,232.6 | 7,366.7 | 6,112.3 | 5,593.5 | 4,889.5 | 4,044.5 | 3,640.8 | 3,099.0 | 2,033.3 | 1,524.2 | 938.2 | 566.3 |
| Total Assets | 13,793.9 | 14,436.6 | 14,656.5 | 14,256.3 | 13,711.0 | 13,968.8 | 13,472.2 | 12,371.6 | 11,770.4 | 10,705.1 | 10,134.6 | 9,802.2 | 9,572.4 | 9,848.0 | 9,909.0 | 9,925.8 | 10,382.7 | 10,331.0 | 10,177.5 | 8,821.7 | 7,652.8 | 6,504.4 | 5,950.9 | 5,011.2 | 4,168.1 | 3,782.5 | 3,190.1 | 2,191.4 | 1,648.3 | 1,016.8 | 574.7 |
| Current Liabilities | |||||||||||||||||||||||||||||||
| Account Payables | 9.6 | 250.8 | 242.7 | 241.9 | 244.5 | 260.9 | 244.0 | 189.8 | 203.4 | 197.2 | 8.6 | 171.8 | 180.6 | 139.4 | 20.3 | 18.8 | 11.7 | 50.2 | 165.1 | 19.4 | 3.0 | 76.0 | 149.9 | 33.6 | 90.6 | 139.0 | 43.4 | 0 | 4.9 | 93.7 | 0 |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,314.6 | 0 | 1,708.5 | 0 | 0 | 777.4 | 651.2 | 284.0 | 0 |
| Deferred Revenue | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Liabilities | 285.9 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (376.9) | 0 | 0 | 0 | (327.3) | (339.4) | (343.3) | (76.8) | (333.8) | 1,378.6 | 1,949.4 | 1,433.8 | (14.7) | 1,991.5 | 47.6 | 1,833.6 | 1,431.1 | 8.4 | (2.9) | (4.0) | 0 |
| Total Current Liabilities | 309.2 | 295.1 | 310.4 | 313.1 | 244.5 | 260.9 | 244.0 | 189.8 | 203.4 | 197.2 | 519.9 | 171.8 | 180.6 | 139.4 | 423.5 | 469.4 | 466.4 | 259.7 | 423.5 | 1,526.1 | 2,033.5 | 1,601.2 | 1,497.2 | 2,076.3 | 1,886.9 | 2,011.0 | 1,517.0 | 812.7 | 684.4 | 383.9 | 0 |
| Non-Current Liabilities | |||||||||||||||||||||||||||||||
| Long-Term Debt | 7,536.1 | 8,033.9 | 8,080.1 | 7,657.0 | 7,090.6 | 7,383.1 | 7,056.1 | 6,389.1 | 6,084.3 | 5,274.1 | 4,911.9 | 4,962.4 | 4,978.0 | 5,451.9 | 5,527.7 | 5,512.7 | 5,788.2 | 5,637.4 | 5,498.6 | 4,457.7 | 3,760.7 | 2,946.2 | 1,185.8 | 2,335.0 | 0 | 0 | 1,454.2 | 0 | 0 | 0 | 0 |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 4.7 | 7.9 | 20.8 | 16.6 | 87.6 | 83.9 | 95.6 | 92.0 | 88.1 | 78.1 | 270.6 | 65.5 | 63.6 | 66.2 | (5,365.9) | (5,344.2) | 63.6 | 62.8 | (5,498.6) | (1,304.5) | (1,882.4) | (1,368.7) | 0 | (1,941) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Non-Current Liabilities | 7,536.1 | 8,041.8 | 8,100.9 | 7,673.6 | 7,178.1 | 7,467.1 | 7,151.7 | 6,481.1 | 6,172.4 | 5,352.2 | 5,182.6 | 5,027.8 | 5,041.6 | 5,518.1 | 161.8 | 168.5 | 5,788.2 | 5,637.4 | 5,498.6 | 3,153.2 | 1,878.2 | 1,577.4 | 1,185.8 | 394.0 | 0 | 0 | 1,454.2 | 0 | 0.2 | 0.1 | 0 |
| Total Liabilities | 7,849.9 | 8,336.9 | 8,411.3 | 7,986.7 | 7,422.7 | 7,727.9 | 7,395.7 | 6,670.9 | 6,375.8 | 5,549.4 | 5,182.6 | 5,199.6 | 5,222.2 | 5,657.5 | 5,750.0 | 5,757.2 | 6,027.6 | 5,897.1 | 5,730.1 | 4,679.3 | 3,911.7 | 3,178.7 | 2,683.1 | 2,470.3 | 1,886.9 | 2,011.0 | 1,517.0 | 812.7 | 684.6 | 384.1 | 338.4 |
| Stockholders' Equity | |||||||||||||||||||||||||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.0 | 0.0 | 0.0 |
| Retained Earnings | (126.1) | 43.6 | 197.2 | 233.6 | 279.0 | 300.9 | 326.5 | 320.3 | 329.5 | 286.0 | 250.0 | 218.6 | 181.2 | 152.1 | 125.7 | 99.4 | 133.5 | 177.1 | 202.2 | 167.5 | 131.6 | 81.8 | 35.1 | (1.1) | (126.9) | (308.3) | 37.1 | 14.5 | 14.7 | 3.9 | (2.9) |
| Accumulated Other Comprehensive Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Stockholders' Equity | 5,938.7 | 6,099.7 | 6,245.2 | 6,269.6 | 6,288.3 | 6,240.9 | 6,076.5 | 5,700.7 | 5,394.6 | 5,155.7 | 4,952.0 | 4,602.6 | 4,350.3 | 4,190.5 | 4,159.0 | 4,168.5 | 4,355.1 | 4,433.9 | 4,447.5 | 4,142.5 | 3,741.1 | 3,325.7 | 3,267.8 | 2,540.9 | 2,281.1 | 1,771.5 | 1,673.1 | 1,378.7 | 963.7 | 632.8 | 236.4 |
| Total Liabilities & Equity | 13,788.7 | 14,436.6 | 14,656.5 | 14,256.3 | 13,711.0 | 13,968.8 | 13,472.2 | 12,371.6 | 11,770.4 | 10,705.1 | 10,134.6 | 9,802.2 | 9,572.4 | 9,848.0 | 9,909.0 | 9,925.8 | 10,382.7 | 10,331.0 | 10,177.5 | 8,821.7 | 7,652.8 | 6,504.4 | 5,950.9 | 5,011.2 | 4,168.1 | 3,782.5 | 3,190.1 | 2,191.4 | 1,648.3 | 1,016.8 | 574.7 |
| Debt Metrics | |||||||||||||||||||||||||||||||
| Total Debt | 7,536.1 | 8,033.9 | 8,080.1 | 7,657.0 | 7,090.6 | 7,383.1 | 7,056.1 | 6,389.1 | 6,084.3 | 5,274.1 | 4,911.9 | 4,962.4 | 4,978.0 | 5,451.9 | 5,527.7 | 5,512.7 | 5,788.2 | 5,637.4 | 5,498.6 | 4,457.7 | 3,760.7 | 2,946.2 | 2,500.4 | 2,335.0 | 1,708.5 | 1,794.1 | 1,454.2 | 777.4 | 651.2 | 284.0 | 0 |
| Net Debt | 7,268.9 | 7,682.6 | 7,790.5 | 7,407.1 | 6,903.9 | 6,485.8 | 6,826.5 | 6,194.9 | 5,793.0 | 5,126.5 | 4,757.1 | 4,816.6 | 4,830.6 | 5,348.8 | 5,396.4 | 5,381.5 | 5,619.5 | 5,496.5 | 5,395.8 | 4,198.1 | 3,579.1 | 2,654.4 | 2,282.4 | 2,257.8 | 1,634.6 | 1,688.1 | 1,388.7 | 641.9 | 610.5 | 263.4 | (6.2) |
| Metric | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||||||||||||||||||
| Net Income | (25.2) | 25.2 | 454.7 | 132.4 | 155.0 | 149.8 | 162.5 | 151.7 | 196.2 | 183.8 | 157.3 | 171.0 | 144.8 | 138.8 | 121.8 | 95.9 | 79.6 | 107.2 | 122.0 | 110.0 | 116.7 | 111.8 | 120.8 | 176.3 | 229.0 | (307.5) | 49.2 | 19.5 | 23.6 | 14.0 |
| Depreciation & Amortization | 6.5 | 146.2 | 1.7 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock-Based Compensation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Working Capital | 28.9 | (28.9) | (41.1) | (15.2) | (16.4) | (12.4) | 92.0 | (17.5) | (53.6) | (8.7) | 70.9 | (46.4) | 19.2 | 10.1 | (27.4) | 1.9 | 30.0 | 40.0 | 117.3 | (163.5) | (85.8) | 107.1 | (80.3) | (41.5) | (60.7) | 128.2 | 12.0 | 5.0 | (71.4) | (65.5) |
| Other Non-Cash Items | 550.8 | 106.7 | (231.7) | (549.8) | (359.7) | 287.2 | (1,158.3) | (651.9) | (851.8) | (570.6) | (356.1) | (215.0) | 357.2 | 7.0 | 73.4 | 390.1 | (73.3) | (166.4) | (1,627.8) | (870.9) | (1,247.1) | (518.2) | (701.0) | (843.1) | (397.8) | (542.6) | (1,062.4) | (509.3) | (583.5) | (389.5) |
| Operating Cash Flow | 561.0 | 249.3 | (229.7) | (432.6) | (221.1) | 424.7 | (903.9) | (517.7) | (709.2) | (395.5) | (127.9) | (90.4) | 521.3 | 155.9 | 167.8 | 488.0 | 36.3 | (19.2) | (1,388.6) | (924.4) | (1,216.2) | (299.3) | (660.5) | (708.2) | (229.6) | (721.8) | (1,001.2) | (484.8) | (631.2) | (441.0) |
| Investing Activities | ||||||||||||||||||||||||||||||
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Purchases of Investments | (311.8) | (324.8) | (1,042.0) | 0 | (1,219.7) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 754.0 | 450.9 | 628.8 | 0 | 1,163.4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 827.0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (442.1) | (126.1) | 0 | 0 | 56.3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investing Cash Flow | 0 | 0 | (413.2) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Financing Activities | ||||||||||||||||||||||||||||||
| Net Debt Issuance | (469.0) | (12.9) | 420.1 | 570.2 | (358.5) | 287.3 | 727.8 | 265.4 | 808.1 | 363.8 | (46.0) | (10.5) | (501.7) | (92.7) | (6.3) | (251.7) | 164.9 | 136.8 | 1,039.4 | 702.3 | 811.3 | 445.9 | 164.5 | 625.8 | (92.9) | 340.5 | 676.1 | 127.3 | 366.8 | 99.0 |
| Stock Repurchased | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | (47.4) | (163.9) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividends Paid | (170.1) | (170.5) | (170.8) | (171.5) | (170.0) | (165.6) | (155.8) | (147.6) | (142.4) | (137.4) | (128.1) | (111.1) | (107.0) | (91.8) | (117.7) | (111.7) | (115.8) | (78.2) | (64.1) | (57.8) | (56.4) | (75.5) | (44.4) | (42.1) | (33.7) | (24.9) | (17.6) | (11.1) | (6.6) | 0 |
| Other Financing Activities | (4.7) | (0.9) | 0 | (3.2) | (2.0) | (0.8) | (11.2) | (4.4) | (1.1) | 162.0 | (3.4) | (0.0) | (2.8) | (2.4) | (47.4) | 1.9 | (5.9) | (1.4) | (7.3) | (0.8) | (4.2) | (0.6) | (2.1) | (0.6) | 0 | 0 | (1.5) | (1.9) | (0.6) | (0.1) |
| Financing Cash Flow | (643.9) | (184.2) | 270.3 | 422.1 | (471.9) | 310.1 | 937.1 | 423.9 | 852.8 | 388.3 | 152.2 | 88.9 | (486.5) | (186.8) | (171.4) | (525.4) | (8.6) | 57.2 | 1,232.4 | 1,001.7 | 1,105.9 | 373.3 | 801.2 | 711.6 | 197.5 | 762.4 | 931.2 | 579.5 | 651.4 | 455.4 |
| Cash Position | ||||||||||||||||||||||||||||||
| Net Change in Cash | (84.1) | 61.7 | 39.7 | (23.8) | (691.3) | 735.4 | 35.4 | (97.1) | 143.6 | (7.2) | 9.1 | (1.6) | 44.4 | (28.2) | 0.1 | (37.5) | 27.7 | 38.0 | (156.7) | 78.0 | (110.1) | 73.7 | 140.7 | 3.4 | (32.1) | 40.5 | (70.0) | 94.7 | 20.1 | 14.4 |
| Cash at Beginning | 351.3 | 289.6 | 249.9 | 273.7 | 965.0 | 229.6 | 194.2 | 291.3 | 147.7 | 154.9 | 145.8 | 147.4 | 103.0 | 131.3 | 131.2 | 168.6 | 140.9 | 102.9 | 259.6 | 181.6 | 291.7 | 218.0 | 77.3 | 73.9 | 106.0 | 65.5 | 135.5 | 40.8 | 20.6 | 6.2 |
| Cash at End | 267.2 | 351.3 | 289.6 | 249.9 | 273.7 | 965.0 | 229.6 | 194.2 | 291.3 | 147.7 | 154.9 | 145.8 | 147.4 | 103.0 | 131.3 | 131.2 | 168.6 | 140.9 | 102.9 | 259.6 | 181.6 | 291.7 | 218.0 | 77.3 | 73.9 | 106.0 | 65.5 | 135.5 | 40.8 | 20.6 |
| Free Cash Flow | 561.0 | 249.3 | (229.7) | (432.6) | (221.1) | 424.7 | (903.9) | (517.7) | (709.2) | (395.5) | (127.9) | (90.4) | 521.3 | 155.9 | 167.8 | 488.0 | 36.3 | (19.2) | (1,388.6) | (924.4) | (1,216.2) | (299.3) | (660.5) | (708.2) | (229.6) | (721.8) | (1,001.2) | (484.8) | (631.2) | (441.0) |
| Key Metrics | 2026 Q2 | 2026 Q1 | 2025 Q4 | 2025 Q3 | 2025 Q2 | 2025 Q1 | 2024 Q4 | 2024 Q3 | 2024 Q2 | 2024 Q1 | 2023 Q4 | 2023 Q3 | 2023 Q2 | 2023 Q1 | 2022 Q4 | 2022 Q3 | 2022 Q2 | 2022 Q1 | 2021 Q4 | 2021 Q3 | 2021 Q2 | 2021 Q1 | 2020 Q4 | 2020 Q3 | 2020 Q2 | 2020 Q1 | 2019 Q4 | 2019 Q3 | 2019 Q2 | 2019 Q1 | 2018 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||||||||||||||||||||
| Revenue | 282.4 | 328.5 | 235.7 | 235.0 | 254.6 | 251.3 | 262.0 | 246.6 | 282.1 | 256.8 | 229.7 | 235.1 | 208.9 | 201.0 | 178.6 | 144.6 | 118.4 | 142.5 | 157.6 | 117.1 | 120.7 | 115.5 | 127.9 | 181.7 | 232.6 | (303.8) | 53.3 | 21.9 | 26.3 | 15.4 | 2.6 |
| Gross Profit | 244.1 | 288.4 | 513.6 | 148.0 | 170.1 | 163.7 | 164.8 | 163.2 | 207.6 | 195.7 | 163.8 | 174.8 | 147.8 | 138.9 | 118.0 | 91.2 | 74.8 | 103.8 | 120.1 | 131.9 | 107.9 | 109.8 | 115.6 | 76.8 | 66.7 | 64.0 | 49.7 | 30.0 | 21.9 | 10.6 | 3.3 |
| Operating Income | 101.7 | 127.4 | 228.9 | 136.7 | 158.8 | 154.0 | 166.3 | 155.6 | 199.6 | 187.1 | 161.5 | 176.0 | 149.8 | 141.4 | 121.8 | 95.9 | 79.6 | 108.6 | 122.5 | 93.8 | 71.4 | 75.9 | 86.0 | 56.2 | 49.1 | 51.4 | 33.9 | 21.6 | 13.4 | 6.2 | (0.9) |
| Net Income | 9.5 | 25.2 | 126.2 | 132.4 | 155.0 | 149.8 | 162.5 | 151.7 | 196.2 | 183.8 | 157.3 | 171.0 | 144.8 | 138.8 | 121.8 | 95.9 | 79.6 | 107.2 | 122.0 | 110.0 | 116.7 | 111.8 | 120.8 | 176.3 | 229.0 | (307.5) | 49.2 | 19.5 | 23.6 | 14.0 | (2.9) |
| EPS (Diluted) | 0.04 | 0.11 | 0.55 | 0.57 | 0.68 | 0.66 | 0.75 | 0.75 | 1.01 | 0.96 | 0.88 | 1.01 | 0.90 | 0.86 | 0.76 | 0.58 | 0.47 | 0.63 | 0.72 | 0.66 | 1.22 | 1.17 | 1.21 | 1.85 | 2.40 | -3.23 | 0.29 | 0.20 | 0.25 | 0.15 | -0.39 |
| Balance Sheet | |||||||||||||||||||||||||||||||
| Cash & Equivalents | 267.2 | 351.3 | 289.6 | 249.9 | 186.6 | 897.3 | 229.6 | 194.2 | 291.3 | 147.7 | 154.9 | 145.8 | 147.4 | 103.0 | 131.3 | 131.2 | 168.6 | 140.9 | 102.9 | 259.6 | 181.6 | 291.7 | 218.0 | 77.3 | 73.9 | 106.0 | 65.5 | 135.5 | 40.8 | 20.6 | 6.2 |
| Total Assets | 13,793.9 | 14,436.6 | 14,656.5 | 14,256.3 | 13,711.0 | 13,968.8 | 13,472.2 | 12,371.6 | 11,770.4 | 10,705.1 | 10,134.6 | 9,802.2 | 9,572.4 | 9,848.0 | 9,909.0 | 9,925.8 | 10,382.7 | 10,331.0 | 10,177.5 | 8,821.7 | 7,652.8 | 6,504.4 | 5,950.9 | 5,011.2 | 4,168.1 | 3,782.5 | 3,190.1 | 2,191.4 | 1,648.3 | 1,016.8 | 574.7 |
| Total Debt | 7,536.1 | 8,033.9 | 8,080.1 | 7,657.0 | 7,090.6 | 7,383.1 | 7,056.1 | 6,389.1 | 6,084.3 | 5,274.1 | 4,911.9 | 4,962.4 | 4,978.0 | 5,451.9 | 5,527.7 | 5,512.7 | 5,788.2 | 5,637.4 | 5,498.6 | 4,457.7 | 3,760.7 | 2,946.2 | 2,500.4 | 2,335.0 | 1,708.5 | 1,794.1 | 1,454.2 | 777.4 | 651.2 | 284.0 | 0 |
| Stockholders' Equity | 5,938.7 | 6,099.7 | 6,245.2 | 6,269.6 | 6,288.3 | 6,240.9 | 6,076.5 | 5,700.7 | 5,394.6 | 5,155.7 | 4,952.0 | 4,602.6 | 4,350.3 | 4,190.5 | 4,159.0 | 4,168.5 | 4,355.1 | 4,433.9 | 4,447.5 | 4,142.5 | 3,741.1 | 3,325.7 | 3,267.8 | 2,540.9 | 2,281.1 | 1,771.5 | 1,673.1 | 1,378.7 | 963.7 | 632.8 | 236.4 |
| Cash Flow | |||||||||||||||||||||||||||||||
| Operating Cash Flow | 561.0 | 249.3 | (229.7) | (432.6) | (221.1) | 424.7 | (903.9) | (517.7) | (709.2) | (395.5) | (127.9) | (90.4) | 521.3 | 155.9 | 167.8 | 488.0 | 36.3 | (19.2) | (1,388.6) | (924.4) | (1,216.2) | (299.3) | (660.5) | (708.2) | (229.6) | (721.8) | (1,001.2) | (484.8) | (631.2) | (441.0) | |
| Capital Expenditure | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Free Cash Flow | 561.0 | 249.3 | (229.7) | (432.6) | (221.1) | 424.7 | (903.9) | (517.7) | (709.2) | (395.5) | (127.9) | (90.4) | 521.3 | 155.9 | 167.8 | 488.0 | 36.3 | (19.2) | (1,388.6) | (924.4) | (1,216.2) | (299.3) | (660.5) | (708.2) | (229.6) | (721.8) | (1,001.2) | (484.8) | (631.2) | (441.0) | |